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IIBMS (1)

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Title: IIBMS (1)


1
Quantitative Techniques
2
  • Quantitative Techniques
  •  
  • Q1.a) Statistics is the nerve center for
    Operations Research. Discuss.
  • b)State any four areas for the application
    of OR techniques in Financial Management, how it
    improves the performance of the organization.
  • Q2.At the beginning of a month, a lady has Rs.
    30,000 available in cash. She expects to receive
    certain revenues at the beginning of the months
    1, 2, 3 and 4 and pay the bills after that, as
    detailed here

3
  • Q3.What is degeneracy? How does the problem of
    degeneracy arise in a transportation problem? How
    can we deal with this problem?
  • Q4.Give the various sequencing models that are
    available for solving sequential problems. Give
    suitable examples.
  • Q5.A company has determined from its analysis of
    production and accounting data that, for a part
    number KC-438, the annual demand is equal to
    10,000 units, the cost to purchase the item is Rs
    36 per order, and the holding cost is Rs
    2/unit/pear

4
  • a. What should the Economic Order Quantity be?
  • What is the optimum number of days supply per
    optimum order?
  • Q6.A TV repairman finds that the time spent on
    his jobs has an exponential distribution with a
    mean 30 minutes. If he repairs sets on the
    first-come-first-served basis and if the arrival
    of sets is with an average rate of 10 per 8-hour
    day, what is repairmans expected idle time each
    day? Also obtain average number of units in the
    system.
  • Q7.What is critical path? State the necessary and
    sufficient conditions of critical path. Can a
    project have multiple critical paths?

5
  • Q8.Explain and illustrate the following
    principles of decision making
  • Laplace b. Maximin c. Maximax d. Hurwicz e.
    Savage f. Expectation
  • Q9.A salesman makes all sales in three cities X,
    Y and Z only. It is known that he visits each
    city on a weekly basis and never visits the same
    city in successive weeks. If he visits city X in
    a given week, then he visits city Z in next week.
    However, if he visits city Y or Z, he is twice as
    likely to visit city X than the other city.
    Obtain the transition probability matrix. Also
    determine the proportionate visits by him to each
    of the cities in the long run.
  • Q10.When it becomes difficult to use an
    optimization technique for solving a problem, one
    has to resort to simulation. Discuss.

6
  • Global Study Solutions
  • Dr. Aravind Banakar
  • aravind.banakar_at_gmail.com
  • www.mbacasestudyanswers.com
  • 9901366442 9902787224
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